The bill H.601 seeks to transition Vermont's Renewable Energy Standard (RES) to a Clean Energy Standard (CES), incorporating zero-emission energy sources into the framework. It introduces new definitions for "clean energy" and "zero emissions credits" (ZECs), which will include both renewable energy and energy produced without greenhouse gas emissions. The bill requires the Commissioner of Public Service to submit an annual report on the progress towards the CES goals, assessing energy consumption, projecting future reductions, and recommending policies to enhance clean energy initiatives. Retail electricity providers will be mandated to possess sufficient clean and renewable energy or tradeable credits to sell electricity in the state, with the Public Utility Commission tasked with updating implementation rules.

Additionally, the bill outlines specific requirements for retail electricity providers to achieve increasing percentages of clean energy in their supply portfolios, starting at 63% in 2025 and reaching 75% by 2032. It allows for collaborative efforts among providers to meet these targets and emphasizes support for low-income customers through renewable energy programs. The legislation also revises regulations regarding spent nuclear fuel storage at the former Vermont Yankee Nuclear Power Station and repeals certain provisions related to nuclear energy plant operations. A new framework for tradeable renewable energy credits is established to ensure transparency in energy sourcing, with the act set to take effect on July 1, 2026, and a report on regional renewable resources due by December 15, 2026.

Statutes affected:
As Introduced: 30-202b, 30-8002, 30-8004, 30-8005, 30-8006, 30-8008, 10-6505, 10-6522, 30-248